On January 20, 2025, Donald Trump was inaugurated as the 47th president of the United States. Anticipation surrounding his administration's stance on cryptocurrency was palpable, yet his inaugural address failed to mention digital assets, disappointing pro-crypto advocates. Amidst a surge in crypto market activity, Bitcoin briefly reached new all-time highs, while Trump's controversial memecoin approached an $11 billion market cap. The SEC issued a statement regarding the resignation of its chair, Gary Gensler, who had a contentious relationship with the crypto industry. Trump’s inauguration also witnessed a significant presence from tech billionaires, including Elon Musk and Jeff Bezos. As the cryptocurrency market reacted to the new political landscape, questions arose about future regulations and the potential for policy changes affecting blockchain and digital assets. The mood was heightened with Trump's memecoin launch generating a volatile trading environment. Overall, the crypto community remains watchful of how Trump's presidency will influence market dynamics and regulatory frameworks.

Source 🔗